Whether you need your time to focus on your career, manage the needs of an organization or travel outside of the country for long periods, Private Investment Management is a great solution. You can be confident in the management of your wealth. Only select and experienced investment advisors who have met strict industry-wide qualifications for education, assets under management and investment experience are licensed to provide this level of advisor-managed portfolio service.
Discover the freedom of advisor-managed portfolio management services
1. Freedom to live life the way you want, with financial peace
You have your own dreams and ambitions in life. You might be building a successful career or business, pursuing your personal interests or enjoying your retirement lifestyle. As you pursue your goals, you may discover that you have less and less time to focus on important matters such as the management of your wealth. Indeed, as you enjoy greater success in life, your financial affairs will likely become more complex and demand more of your time. We believe that freedom is a possession of inestimable value.
That’s why we offer Private Investment Management (PIM). PIM frees you from the day-to-day details of managing your wealth, so you can pursue your own personal goals. With PIM, we make trading decisions on your behalf, within pre-established guidelines, so that we can take advantage of market opportunities quickly.
2. Personal attention from your own Portfolio Manager
While advisor-managed (also called “discretionary”) investment management is widely available, having your portfolio managed by a personal Portfolio Manager is relatively unique. This gives you direct access to the Portfolio Manager overseeing your investments, whose direction is backed by the leading analysts and economists at RBC and beyond.
It’s the personal attention that makes Private Investment Management so unique.
3. A portfolio that more accurately reflects your individual needs and goals on an ongoing basis
Your individual portfolio is built from the ground up based on factors such as your growth requirements, income needs and risk tolerance. Furthermore, you hold individually owned securities in your portfolio — providing you with greater flexibility in how your portfolio is structured.
We will handle all the details on an ongoing basis, working within the specific guidelines established in your Investment Policy Statement. We can take advantage of investment opportunities quickly and efficiently because your approval is not required for every single transaction. A careful process involving strict guidelines, checks and balances, and formal reviews ensures that your portfolio is managed with the highest standards of ethics and professionalism.
4. A select team of experienced advisors
Only a select group of our Investment Advisors are able to offer advisor-managed portfolio management services through PIM. Before being registered as a Portfolio Manager, an Investment Advisor must have extensive experience in advising clients and substantial assets under administration. Only by meeting these high standards and completing rigorous course work can an Investment Advisor become an accredited Portfolio Manager. This is among the highest credentials an investment professional can achieve.
The Private Investment Management Process
To ensure that we always act in your best interests, we follow a meticulous six-step process designed to help you achieve your goals in life. This process balances your desire for freedom with your expectation for excellence. The framework for success:
1. Creating your investment policy statement
We work with you to develop an investment policy statement, a written document that takes into account your unique needs, investing time horizon, tolerance for risk and more. Considering all these factors, we will recommend an ideal asset-allocation model for your portfolio.
2. Building your portfolio
Based on your ideal asset-allocation model, we will select an appropriate combination of investments for your portfolio. Virtually every type of investment is available to meet your needs. To select appropriate investments, we combine an understanding of overall global economic and market trends with fundamental research of individual investment opportunities. Senior economists, portfolio strategists and research analysts from various parts of RBC augment our insights in these key areas.
3. Managing your portfolio
Portfolio managers Jocelyn Pérodeau and Martin Roy will make day-to-day investment decisions on your behalf to respond to and anticipate the changing market and economic landscape. For example, if the outlook for a certain region of the world improves, your portfolio will be adjusted accordingly within the guidelines established in your investment policy statement.
4. Third-party review and monitoring
An independent risk management group reviews your portfolio on a quarterly basis to ensure it meets the high standards set out in your investment policy statement.
5. Adjusting your investment strategy
We will meet with you regularly to review your portfolio and remain up-to-date on your evolving needs and goals.
6. Keeping you informed of your progress
As one of our clients, you will receive a detailed service plan that will indicate, among other service-related matters, the frequency of portfolio reviews based on your needs. You will also receive a monthly account statement that details the activity in your portfolio and provides the current market value of all of your positions. Plus, you will receive a comprehensive portfolio review according to your specific reporting needs. In addition, you have access to your accounts and timely market information at all hours of the day through our online services.
